Which of the following is a characteristic of corporate bonds?
A) Rated on a scale from AAAA to FFFF
B) Used to finance debt over a short period such as six months
C) Issued as long-term debt securities
D) Exempt from state tax in the state where the issuing company has its headquarters
Answer: C
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A debt that is expected to be collected in less than 1 year is a __________________.
a. Demand deposit b. Cash equivalent c. Sort term debt d. Commercial paper
In which of the following situations is the influence of bargaining power of buyers on the market
the greatest? A) a government agency that buys most of the newsprint produced in that country B) a large organization buying material from another large corporation C) many medium-sized companies buying raw material from a single source D) end users of cosmetic products buying from a range of choices